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GDN - Golden State Resources

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Perthnow.com.au.

here is the article.
 

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Juddy,

Thanks for reportin what Perthnow.com.au.posted

My friends in the USA tell me that the Paradox Basin is a possible trillion cubic feet of natural gas potential.

I await tomorrows GDN updates rather than aussie advisers predictions!

Why have they not walked away from the current casing/drilling!
 
no idea BD, I don't really follow GDN, but it stood out to me in the Sunday Times today and I know it is well followed her so I posted it as I believe holders may expect some selling because of it tomorrow,. One rather strange thing about it though is that I read these every week, but have rarely seen an 'avoid' notation. It is usually buy, hold or reduce.
 
What a shocking report by Gary Lebas. Once again they start comparing the porosity of this well to Australian standards and not the standards in the US. The Lisbon field has very similary porosity...and look at how much Gas that field has produced. These guys don't know what they are on about. I should give them some tips on how to pick stocks and carry out proper research.

In regards to Leadville not being existant..we'll see. I thought the seismic could of been a bit messed up due to the large salt caps that they had to drill through? Oh well. Time will tell. I dont really care what they have to say.
 
chris1983 said:
What a shocking report by Gary Lebas. Once again they start comparing the porosity of this well to Australian standards and not the standards in the US. The Lisbon field has very similary porosity...and look at how much Gas that field has produced. These guys don't know what they are on about. I should give them some tips on how to pick stocks and carry out proper research.

In regards to Leadville not being existant..we'll see. I thought the seismic could of been a bit messed up due to the large salt caps that they had to drill through? Oh well. Time will tell. I dont really care what they have to say.
Click to expand...
Chris if you were in any way a conservative investor which mainstream shareholders generally are you would not be holding gdn nor would you be recommending it to your clients until it was a proven producer! This stock is still a gamble ( with much reward if it goes well ) , goes well, get it ha ha excuse my pun! :)
 
constable said:
Chris if you were in away a conservative investor which mainstream shareholders generally are you would not be holding gdn nor would you be recommending it to your clients until it was a proven producer! This stock is still a gamble ( with much reward if it goes well ) , goes well, get it ha ha excuse my pun! :)
Click to expand...

I knew someone would come around and say that. For starters I wouldnt start commenting on the porosity as being bad when it has actually been labeled as good for US standards and producing fields around the well all have similar porosities. I think thats just bad advice.
 
Chris,

from memory Lebas had a buy recommendation on NEO in about May last year when I was trading them.
 
Hey Juddy..yeah its all good..I dont really care about what these brokers say..

He covers his own ass in the article by using the words "may" and "suggest". They will come out a month or two later when it's sucessful and recommend them as a buy. Anyway lets hope INL fire up today :)
 
chris1983 said:
Hey Juddy..yeah its all good..I dont really care about what these brokers say..

He covers his own ass in the article by using the words "may" and "suggest". They will come out a month or two later when it's sucessful and recommend them as a buy. Anyway lets hope INL fire up today :)
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if there is a delay with the drilling Chris,this share will get smashed i sold mine at 0.80. But i am very confident in the end result so i will go in before the drilling starts again.
 
Mr Right said:
if there is a delay with the drilling Chris,this share will get smashed i sold mine at 0.80. But i am very confident in the end result so i will go in before the drilling starts again.
Click to expand...

I agree. I just cant be bothered going in and out. They could put a message out at any time..trading halt etc etc..and yeah I'm not willing to miss the boat.
 
Re: GDN - Golden State Resources - more on porosity

Perhaps the biggest on-land nautral gas winner in the US in the last 5 years has been Ultra Petroleum (UPL). UPL's big win comes from its tight sands production in the Pinedale Anticline in Wyoming. These tight sands plays must be frac'd to be economic but this frac'ing, in Pinedale at least, produced the most economic wells in the US natural gas business. The average porosity in the Pinedale Anticline wells is 6% to 12%. It is thus clear that higher porosity than this is not necessary in these type of frac'd plays. I see no reason to assume, from the porosity, that a well with 5% - 10% average porosity such as GDN's Paradox well, after frac'ing cannot be a successful well.

http://www.spe.org/elibinfo/eLibrary_Papers/spe/2004/04ATCE/00090467/00090467.htm
 
I just rang the company and the two directors are both heading to Utah :) The receptionist laughed when I asked if all was well... and seemed upbeat.
Drilling is expected to start again on the weekend.
 
tahpot said:
I just rang the company and the two directors are both heading to Utah :) The receptionist laughed when I asked if all was well... and seemed upbeat.
Drilling is expected to start again on the weekend.
Click to expand...
From what i am hearing it will be Friday. I also heard that the company is ordering piping so they already know it is a production well.
 

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